Morningstar
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Morningstar's past years’ income statements indicate that its last revenue has increased compared to the previous period by 9% to $2,038,600,000. The net income raised on $141,100,000 and profit margin reached 7%. Total operating expenses were $964,500,000.
Profit Margin
| 2014 | 760.07M | 78.30M | 10.3% |
|---|---|---|---|
| 2015 | 788.8M | 132.6M | 16.81% |
| 2016 | 798.6M | 161M | 20.16% |
| 2017 | 911.7M | 136.9M | 15.02% |
| 2018 | 1.01B | 183M | 17.94% |
| 2019 | 1.17B | 152M | 12.89% |
| 2020 | 1.38B | 223.6M | 16.09% |
| 2021 | 1.69B | 193.3M | 11.38% |
| 2022 | 1.87B | 70.5M | 3.77% |
| 2023 | 2.03B | 141.1M | 6.92% |
MORN Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 2.03B | 1.87B | 1.69B | 1.38B | 1.17B | 1.01B | 911.7M | 798.6M | 788.8M | 760.07M |
Cost of revenue | 1.02B | 779.3M | 698.4M | 556.4M | 483.1M | 411.1M | 386.6M | 344.3M | 330.1M | 318.63M |
Gross profit | 1.01B | 1.09B | 1.00B | 833.1M | 695.9M | 608.8M | 525.1M | 454.3M | 458.7M | 441.43M |
Operating exp. | ||||||||||
Research and development | 0 | 64.3M | 59.9M | 53.9M | 61.1M | 42.8M | 30.6M | 20M | 13M | 0 |
Selling and marketing | 423.8M | 356.5M | 274.8M | 206.4M | 177.9M | 148.5M | 134.3M | 97.6M | 96.6M | 111.08M |
Total operating expenses | 964.5M | 923.5M | 743.9M | 617.9M | 506.3M | 393M | 355.3M | 273.5M | 268.1M | 274.83M |
Operating income | 230.6M | 167.8M | 257M | 215.2M | 189.6M | 215.8M | 169.8M | 180.8M | 190.6M | 105.59M |
Other income (expenses), net | -56.5M | -37.2M | -6.5M | 67.8M | 8.9M | 18.9M | 11.3M | 43.8M | 3.1M | 8.40M |
Income before tax | 174.1M | 130.6M | 250.5M | 283M | 198.5M | 232.9M | 181.1M | 224.9M | 193.7M | 113.89M |
Income tax expense | 33M | 56.5M | 62.6M | 59.7M | 45.6M | 47.8M | 42.9M | 63.7M | 62.7M | 35.67M |
Net income | 141.1M | 70.5M | 193.3M | 223.6M | 152M | 183M | 136.9M | 161M | 132.6M | 78.30M |
Earnings per share | ||||||||||
Basic EPS | 3.31 | 1.65 | 4.5 | 5.22 | 3.56 | 4.3 | 3.21 | 3.74 | 3 | 1.75 |
Diluted EPS | 3.29 | 1.64 | 4.45 | 5.18 | 3.52 | 4.26 | 3.18 | 3.72 | 3 | 1.74 |
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